§ 4-404. Request for statement of affairs
West's Annotated Code of MarylandCorporations and Associations
MD Code, Corporations and Associations, § 4-404
§ 4-404. Request for statement of affairs
(a) Once during each calendar year, each stockholder of a close corporation may present to any officer of the corporation a written request for a statement of its affairs.
(b) Within 20 days after a request is made for a statement of a close corporation's affairs, the corporation shall prepare and have available on file at its principal office a statement verified under oath by its president or treasurer or one of its vice-presidents or assistant treasurers which sets forth in reasonable detail the corporation's assets and liabilities as of a reasonably current date.
Credits
Added by Acts 1975, c. 311, § 2, eff. July 1, 1975. Amended by Acts 1986, c. 5, § 1.
Formerly Art. 23, § 108.
MD Code, Corporations and Associations, § 4-404, MD CORP & ASSNS § 4-404
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
| End of Document |